ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against BloFin−0.024%230s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2172.173% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.024%, 7d avg +0.006%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.030% cheaper against BloFin than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 13 days. The two prices were read 230 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZBT-USDT	0.08374	0.0072	pay 0.0036% / 4h	2h 45m	$147K	$20K	50x
Short	KuCoin ZBTUSDTM	0.08372	0.0100	get 0.0050% / 4h	2h 45m	$735K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $5.93
Price spread: −0.024% → +0.006%: −$2.99
Slippage, 4 orders: −$193.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.34
Costs to cover: 2.173%
Break-even: 260.0 days

Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 6 min ago	1.79 bp	12.8 bp −$13	48.8 bp −$488	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.39 bp	132.8 bp −$133	719.6 bp −$7,196	doesn't fit	doesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZBTUSD	−0.0475%	1h	0.08368	−0.070%	$7K	$6K	10x	as long as short
BloFin ZBT-USDTlong	+0.0072%	4h	0.08374	long leg	$147K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08374	−0.002%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08376	+0.022%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08370	−0.048%	$858K	$446K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08373	−0.012%	$558K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08377	+0.036%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08372	−0.024%	$735K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08371	−0.036%	$6.0M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08372	−0.024%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08364	−0.117%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08375	+0.015%	$4K	$124K	5x	as long as short
Gate ZBT_USDT	+0.0127%	8h	0.08372	−0.024%	$541K	$545K	50x	as long as short